Schaeffler acquires remaining 10% stake in Schaeffler Paravan Technologie

Schaeffler Technologies AG & Co. KG signed an agreement to acquire the remaining 10% stake in Schaeffler Paravan Technologie GmbH & Co. KG from Arnold Verwaltungs GmbH, taking full ownership. Financial details were not disclosed.

“Schaeffler Technologies AG & Co. KG and Arnold Verwaltungs GmbH signed a basic agreement under which Schaeffler Technologies AG & Co. KG will acquire the remaining 10 percent stake in the joint venture company Schaeffler Paravan Technologie GmbH & Co. KG.”automotiveworld.com

• 2 sources
• automotiveworld.comSchaeffler acquires 100 percent stake in Schaeffler Paravan Technologie GmbH & Co. KG | Automotive WorldOct 14, 2022
• afm.esSCHAEFFLER further strengthens industrial business with purchase of Ewellix Group | AFMAFMNov 2, 2022

Summarized from public sources; check the original articles before acting on it.